Etsy Appoints New CEO
Etsy's long-time CEO, Josh Silverman, is stepping down by the end of the year and will be replaced by Kruti Patel Goyal.
Kruti Patel Goyal, currently Etsy's president and chief growth officer, will become the company's next CEO. She previously worked at Etsy for over 10 years before becoming the CEO of Depop, a social-commerce platform acquired by Etsy four years ago.
- Silverman will become executive chairman after heading the marketplace for eight years.
- Goyal has been in her current role for about seven months.
Etsy faces challenges in growing its business, with a 5% decline in active buyers to 86.6 million in the third quarter ended September 30.
No direct quote available in the text.
Author's summary: Kruti Patel Goyal replaces Josh Silverman as Etsy's CEO.
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